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While condemning Democrats, too, for rampant federal spending
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Wow, you can't even complete the sentence or post the link.
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While condemning Democrats, too, for rampant federal spending, he offers Bill Clinton an exemption. The former president emerges as the political hero of "The Age of Turbulence: Adventures in a New World," Greenspan's 531-page memoir, which is being published Monday.
Greenspan, who had an eight-year alliance with Clinton and Democratic Treasury secretaries in the 1990s, praises Clinton's mind and his tough antideficit policies, calling the former president's 1993 economic plan "an act of political courage."
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http://www.boston.com/news/nation/wa..._his_new_book/
Ah, the 1993 Deficit Reduction Act, which mainly increased taxes on the wealthy, contributing to a budget surplus and lower interest rates by decade's end:
http://en.wikipedia.org/wiki/Omnibus...on_Act_of_1993
On the irresponsible and budget-busting tax cut:
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He says, "Little value was placed on rigorous economic policy debate or the weighing of long-term consequences." The large, anticipated federal budget surpluses that were the basis for Bush's initial $1.35 trillion tax cut "were gone six to nine months after George W. Bush took office." So Bush's goals "were no longer entirely appropriate. He continued to pursue his presidential campaign promises nonetheless."
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Perhaps a more modest tax cut proposal would have been more appropriate.
http://www.cnn.com/ELECTION/2000/res...re.they.stand/